| The KUIK Morning Market Report for Friday, June 7: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 90 | points | 15,131 | 7:00 AM | ||
| S&P500 | Up | 0.68% | percent | 1,634 | 10.96 | points | |
| Nasdaq Composite | Up | 0.47% | percent | 3,441 | 3.24 | points | |
| 30 Year Treasury | Up | 3 | Basis Points | 3.27 | Annual Yield | ||
| The Labor Department report the U.S. created a net 175,000 jobs in May, all in the private sector. The increase exceeded the 164,000 forecast of economists polled by MarketWatch. The unemployment rate, drawn from a separate survey of households, edged up to 7.6% from 7.5% as more people entered the labor force in search of work. The size of the labor force increased by 420,000. As a result, the civilian participation rate rose for the first time since October to 63.4%. | |||||||
| Retired Fed Chairman Alan Greenspan says the Fedshould “get moving” on slowing down its bond-purchase program. Asked on CNBC if the Fed should move quickly or in gradual steps to taper, Greenspan replied: “Gradual is adequate, but I think we have got to get moving.” Greenspan said markets should be prepared for a much more rapid rise in long-term bond rates than is generally expected. | |||||||
| Gold dropped on that jobs report. August gold fell 2.3%, to $1,383.80 an ounce on the Comex division of the New York Merc. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-generates-175000-jobs-in-may-2013-06-07 | |||||||
| http://www.marketwatch.com/story/greenspan-fed-should-get-moving-on-tapering-2013-06-07 | |||||||
| http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-32169/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||